Value Your Trade
We Will Buy Your Car!
Here at Allen Samuels Chrysler Dodge Jeep Ram (Jackson), we can give you the value of your vehicle in cash, and fast, unlike the weeks it often takes to sell a vehicle private party, including the back-and-forth haggling that often takes place. Here, we can buy your trade-in car simply when you show up to the dealership and complete the transaction immediately. If you have any questions or are just wondering in general how to trade in your car, we have the answers for you below. If you have any further queries, go ahead and drop us a line, and we’ll be happy to help.
What is the Trade-In Value of My Car?
The value of your vehicle is only clicks away, thanks to our evaluator app above. Beyond make, model, and year, the value of your vehicle in the markets near Dyersburg and Humboldt can be further defined by factors such as:
- Mechanical condition
- Vehicle features
- Exterior and Interior condition
- Market landscape
How Do You Trade in a Car?
Once you have an estimate, drop by for an appraisal to narrow down your vehicle’s value. Come by anytime during our hours of operation and we’ll have a professional examine your vehicle. Be sure to bring your trade-in estimate from this evaluator.
After the examination, we’ll negotiate and settle a price. There is no obligation for you to accept our offer, though we do pride ourselves on offering fair offers on trade-in vehicles.
Value Your Trade-In: FAQs
Q: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually.
Q: How soon can you trade in a financed car?
A: There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity.
Q: What does it mean to be “upside down” on a car loan?
A: Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.
Q: Can I trade in my car for a cheaper car?
A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it.